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The conversation goes wide: how AI is reshaping work, business, and society\u2014and why the transformation sweeping through software development today is only a preview of what's coming for all knowledge work. Satya makes the case that human capital and \"token capital\" are now deeply intertwined, that companies\u2014not just countries\u2014must build their own AI capabilities, and that the organizations best positioned to thrive are those that can leverage their unique expertise inside intelligent systems. 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